Chula Vista, CA 91911 404 414 PALM AVENUE
$3,600,000
31 more
Presented By: Sang Pham with Prime Coast Realty & Mortgage; sangphambroker@gmail.com
Beds • 108
Baths • 72
SQFT • 6
Garage • 6
Home Details
Incredible opportunity to own six separate single homes in Chula Vista. All six houses are located on almost one acre lot (0.98 acre = 42,688 sqft). Each house has 3 bedrooms, 2 baths, 2 car garage. Each house has front yard and back yard. Each house has its own electric & water meters. Laundry hook-up in each garage. Recently new remodeled and new upgrades. Monthly rent is very low $19,000, could be $21,000 a month or more. Only $600,000 for each house. ($3,600,000 : 6 =$600,000). Monthly rent is follow: Unit 404 Palm = $2700, Unit 406 Palm = $2900, Unit 408 = $3200, Unit 410 Palm = $3200, Unit 412 Palm = $3500, Unit 414 Palm = $3500. Also, Property has 5 extra parking spaces, each parking space is rented for $25 as extra monthly income. Please submit offers with pre-approval letters and proof of fund. Seller is R.E license. Buyer & buyer agents to verify all prior to COE.
Presented By: Sang Pham with Prime Coast Realty & Mortgage; sangphambroker@gmail.com
Interior Features for 404 414 PALM AVENUE
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesElectricDryerHookup, GasDryerHookup, InGarage
Total Stories1
Other Rooms
Entry Level1
General for 404 414 PALM AVENUE
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.33
Carport Y/NNo
CityChula Vista
Community FeaturesStormDrains, StreetLights, Sidewalks
CountySan Diego
DirectionsPlease use GPS
Electric On Property Y/NNo
Entry Location1
Expected Active Date 2024-07-18
Garage Spaces6.0
Garage Y/NYes
Gross Income228000.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense7200.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional
Lot Size Square Feet42688.8
Lot Size UnitsAcres
MLS Area91911 - Chula Vista
MobileHomeRemainsYNNo
Net Operating Income200500.0
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Operating Expense7500.0
Pool FeaturesNone
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerSepticTank
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot01151
Taxes$0
Total Actual Rent19000.0
Trash Expense0.0
Virtual TourClick here
Waterfront Y/NNo
Year Built SourceSeeRemarks
ZoningCOMMERCIAL
Exterior for 404 414 PALM AVENUE
Building Area Total6.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.98
Lot Size Area0.98
Lot Size SourcePublicRecords
Number of Buildings6
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters6
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Additional Details
Price History
Justin Hughey
Price
$3,600,000
MLS#PTP2404211
List Date
07/14/2024
Property Type
Multi-Family
Phone
(562) 818-1655
